Prison Coach: Madoff Was Not Afraid Ahead of Term

A prison coach who helped Bernard Madoff get ready for his 150-year sentence says the disgraced financier was not afraid before starting his term at a federal penitentiary in North Carolina. Herb Hoelter told the CBS “Early Show” that Madoff was remorseful but composed when Hoelter met him four days before sentencing. Hoelter said Madoff would not be in danger at the Butner prison, where he was transferred this week from a federal jail in New York.

Hoelter called Butner a “good facility” that is well-run. Hoelter said Madoff will get 300 minutes a month in phone time to make calls.

The 71-year-old Madoff pleaded guilty in March to charges that his investment advisory business was a multibillion-dollar scheme that wiped out thousands of investors and ruined charities.